Home Life Style Zenith Monetary institution to pay shareholders N97 billion dividend for 2021

Zenith Monetary institution to pay shareholders N97 billion dividend for 2021

by Good News

Tier 1 lender Zenith Monetary institution Plc is living to pay shareholders N97.32 billion total dividend for the monetary one year 2021, translating to N3.01 per share, after getting shareholders to agree to a dividend payout of N87.91 billion for the second half of the one year, which translates to N2.80 per share.

The monetary institution had earlier paid an intervening time dividend of N0.30 per share totaling N9.4 billion for the first half of the one year. It paid shareholders N3.0 per share, summing as much as N94.19 billion in 2020.

The monetary institution reported N244.4 billion revenue closing one year, its most realistic seemingly ever. Closing one year’s revenue sigh rate was, on the opposite hand, the slowest since 2016. The monetary institution’s revenue grew at a mere 6.5 per cent compared to 10 per cent between 2019 and 2020.

The dividend is discipline to appropriate withholding tax and approval will most seemingly be paid to shareholders whose names appear within the register of participants as on the cease of industry on March 25, 2022.

The register of shareholders will most seemingly be closed on March 28, 2022 in preparation for the approval of fee on April 6, 2022.

The monetary institution acknowledged dividends will most seemingly be paid electronically to shareholders who own performed the e-dividend registration and mandated the registrar to pay their dividends straight into their Monetary institution accounts.

It acknowledged GDR holders will most seemingly be paid resulting from this truth.

READ ALSO: Zenith Monetary institution reviews N106 billion half-one year revenue, publicizes intervening time dividend

“Shareholders with dividend warrants and share certificates that own remained Warrants and shares unclaimed, or are but to be presented for fee or returned for validation are urged to full the e-dividend registration or contact the Registrar,” it acknowledged.

Shares in Zenith Monetary institution rose 0.37 percent to N26.95 per unit in Lagos on Monday.

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